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, the which he and debt crisis are weighing heavily on u.s. troops in afghanistan. and the top question on their minds saturday, even as bombings rock the city around them, was the top u.s. military officer couldn't answer. a question he couldn't answer. will we -- these are soldiers in afghanistan with bombs bursting around them and here is what the chairman of the joint chiefs of staff said. and i quote, i actually don't know the answer to that question. i noknow mike mcmullen responde while at the same time saying continuing to work each day, wearing the uniform, listening to bombs go off around them. that's why today we have with us some -- what is referred to you by you press folks as real people. i guess we're not. we have students like laura and sydney, veterans like bill and roger and carlos, arianna, who is a senior, guillermo, who say senior, lucia, a senior, felicia is a senior, mary ellen is a senior, alisa is a senior, they're here representing the millions of people around this country who are as brave as the soldiers on the front lines in afghanistan. we don't have time f
be the most egregious example to date of widespread corruption in afghanistan. american taxpayer money, hundreds of millions of dollars, ending up in the hands of the taliban. a year-long u.s. military task force discovered that the money was siphoned from a $2 billion transportation contract to provide most of the supplies to american troops. a source with knowledge of the investigation has briefed cnn about how it all went down. we are joined now from the afghan capital, kabul. just tell us briefly, how did this happen? >> reporter: this is coming from an internal report, but basically what happened was trucking companies subcontracted out to local entities here, who then in turn subcontracted out to even more local providers. what happened was it turns out that some of those local, more local firms actually had some ties to nefarious elements, including the taliban. what we see here is a bulk of the transportation costs being filtered through some of these trucking companies and part of that money is actually ending up in the hands of the very individuals who are fighting nato force
intended to fund projects in afghanistan may be going to extremists, killing u.s. troops. a government audit finds billions of dollars literally disappearing and, now, possibly ending up in the hands of insurgents, molly henneberg is live in washington. hi, molly. what are the problems tracking u.s. money dispersed to afghan. >> reporter: there's a number of them, neither u.s. agencies nor afghan commercial banks record the serial numbers of cash or money transfers, paid to contractors or others in afghanistan. making it tough to track where the dollars go. once they are in afghanistan. also, according to an audit by herbert richardson, the acting special inspector general for afghanistan reconstruction, contractors are not prohibited from using unlicensed middle men to pay subcontractors. richardson wrote in a statement, the u.s. poured billions of aid dollars into a country plagued by corruption, insurgency and the narcotics trade and it is essential that we use all available tools to ensure that u.s. dollars are protected from fraud and diversion to the insurgency. he said at the st
now. everybody wants to talk about the wars in iraq and afghanistan. george afghanistan. george bush left office, he left a deficit of under $1 trillion. that is an obama stimulus package for one year and that was enough to hold us in iraq and afghanistan for seven years. host: let's go to a democratic caller in brooklyn, new york. caller in brooklyn, new york. caller: i think the numbers of the other caller are totally false. obama should keep his footing in this situation. the republicans say they will walk away and limit the amount of money but they will talk about that is on the table is preposterous. it is showing that they are scared and they are finally realizing that obama has an understanding of the economy and he has an understanding and backing of the people. right now is the time to change the way we need to move forward in terms of fiscal responsibility and in terms of paying our bills. with john boehner trying to figure out which way his caucus will both and which -- vote, he will lose his job and we will not be able to rectify the things that are wrong with the economy
in afghanistan and next director of the c.i.a. certains -- earns a salary of approximately $180,000. the secretary of defense earns about $200,000. how then can we justify salaries of up to $700,000 for defense contractor executives? i understand there may be contractors who supply services to our nation that our government cannot perform on its own. however, i am also absolutely certain there is no one single private contractor whos value to our national security is twice that of the commander in chief of the united states military. at a time when the chairman of the joint chiefs is telling us that the nation's deaf is the number one threat facing america, we cannot continue -- debt is the number one threat facing america, we cannot keep paying private contractor salaries that are more than triple the pay of our military leadership. my amendment simply states that funds in this bill will not be used to pay a federal government salary for any individual defense contractor that exceeds the valerie of the secretary of defense. that sal -- salary of the secretary of defense. that s
of hamid karzai's half brother in afghanistan, murdered by somebody who was apparently a close confidant. we are talking about the impact that may have on the u.s. operations in afghanistan. obviously you can check out fox news.com live on any mobile device. download the fox news app for your ipad, for the iphone as well. you can watch us anywhere, any time, it's a great show, we are here every day. so, we'll take a quick break now on the fox news channel. i suggest you all download that app and come over and talk to me, here is a quick break on the fox news channel, we'll continue here at fox news.com live. [ barks ] ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care abt and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. patti ann: a dramatic new trial unfolding right now in florida. the jury has just been picked for this couple. they were arrested after a pet python killed
50 national guard troops returned to cedar rapids, iowa, after spending a year in afghanistan. about 2800 men and women will return home to the area in the next few days. this is the largest deployment that the state has seen since world war ii. and those are your headlines. >> let's talk about what's going on. couple of days ago, we heard the president of the united states say don't call my bluff, eric cantor and i'll take my case directly to the american people. today, the president is going to take his case to the american people. he has a press conference this morning at 11:00 a.m. >> we'll see what he says again. there's no talks today, folks. they've been doing them every day this week. there was a rumor maybe they'd go to camp david this weekend but not sure if that's going to happen. no talks today. >> fascinating to see after an hour and 19 minutes yesterday that eric cantor did not say a word today, yesterday, and on thursday. now the president for the second time this week will have his press conference at which time he's going to do something. i think it's his third one
want to get you caught up in another headline coming out of afghanistan. the president's brother, half- brother, shot dead by bodyguards. joining us on the phone is hei di with the associated press. what happened? guest: this man was a close associate of the president's brother. he was in ahmad wali karzai's house and shot him at least twice before he himself was gunned down. host: was it his own bodyguard? who was this person? caller: we are still gathering details on who this man was. it's clear he was a very close, personal friend. he does handle security for ahmad wali karzai. it sounds like he is a much higher level than your personal bodyguard would be. in theaallowed a gun home, which shows the trust between the two men. brother awas karzai's target? very powerful figure in southern afghanistan and a very controversial one. he's the head of the provincial council, which on its own would make him the man controlling the area. both because of his connections to the president and a lot of associations -- he made things happen in kandahar province, which is the real former stronghol
petteri will be receiving the medal of honor because he had a gun to his head in afghanistan. he was asked to do something for his country, let's ask these people in washington to do something for their country. just get together and get something done. >> you know, there is huge news out of afghanistan this morning that we're going to get to as well as rupert murdoch and his media empire. what's going on with that. >> this is extending, by the way, to "the times" of london? >> yes, the big story. >> the other players, this is earth shattering. i thought the big thing -- i thought it was about one tabloid. whew. this is so serious. >>> ahead this morning, we're going to bring in the ranking member of the budget committee, congressman chris van hollen. and oil tycoon t. boone pickens will be here. eugene robinson. >> by the way, on that story, i mean, they're not tapping the phones of the british prime minister, but they're -- they're trying to get his records -- >> may be an institution that has rot on the the core. it is a big problem. >> medical records. >> bank accounts. >> after the br
, that's clear, isn't it? so there he was, he was making his 15th trip to afghanistan and it was while he was over at camp leatherneck that the marines asked him, okay, if there are a bunch of pentagon cuts, how is that going to affect our equipment and stuff like that. and wherever he has gone so far during this particular swing through the country of afghanistan, the troops are saying are we going to get paid? and he's saying, i don't know. just know this whatever you are owed you'll get paid eventually. you know, and this is how this works down. if we do, talking about if we go into a debt ceiling where we can't pay our bills technically which i don't agree with anyway, let's say, the president has the tablt to decide who gets paid when. clearly the debt is going to get paid first. china and saudi arabia are paid before our military, as bad as that sounds, that has to happen, so our borrowing costs don't go through the roof and then pay the military and social security, and if you dodonn tt order, give the department of education money first, it's the president's fault. it's not congre
afghanistan and he's meeting with leaders there and meeting with u.s. troops. early wake-up call on the shuttle atlantis. >> ♪ i get knocked down i get back up again i get knocked down i get back up again ♪ >> seems like i just heard it on the radio yesterday. waking up to the song and today they will be supplying a supply module on the outside of the international space station using a robotic arm and they'll prepare for a space walk tomorrow. meantime, nasa keeping a close eye on some space degree that could come dangerously close to the space station. the duke and duchess of cambridge are back home in london after a 12-day tour of canada and the united states. william and kate left los angeles international airport yesterday taking up more than a dozen seats in first class on a regular british airways commercial flight. the final activity on their california trip paying tribute to the men and women in the military and helping make care packages for children of deployed service members. and those are your headlines. >> they look very much at home in america. >> they did.
from afghanistan. >> i take a moment of my day to invite you on november 18, with yours truly, from new jersey, take a second, think about it and get back to me. molly: sergeant scott moore from the manies posted this video over 46,000 people have watched it so far and still no word on her response. >> she is cool, and beside being gorgeous on a 70's show and she made a really good movie. sorry i brought it up i can't remember the movie. molly: "black swan." >> she is funny with a huge bit of talent. >> maybe it will come true. >>dave: and now, in sports, from china, ming has decided to call it quits retiring after nine seasons. ming has been plagued by injuries and missed 250 games. and 9-time all star because china can vote, but he would still be six or seven time all star, and ming will hold a news conference in shanghai later this month to discuss his future plans. he changed the game bringing it to china. and more news of the troubled ohio state football program. the buckeyes were 12-1 last season but they decided to vacate all of their wins including the sugar land bowl in hopes t
al-qaeda move money and fighters in to pakistan and afghanistan. here now, a spokesman for four u.s. ambassadors. thanks for being with us. we known about their support of terror groups throughout the years, hezbollah and others but what about al-qaeda is this is the first time we've had solid evidence? >> it's actually not the first time. the four individuals that were designated in 2009. don't forget that the 9/11 commission report called out this phenomenon, said that al-qaeda and iran are working together. i think thursday's announcement is good news. we should congratulate david cohenfor making this announcement and pushing through this decision. i'm sure it was very difficult. the state department under secretary clinton has not been so forth right. hopefully by designating the six individuals that we can move the diplomacy and force a lost these countries that are protecting terrorists by not enforcing banking laws. certainly the u.n. has asked them to enforce banking laws. >> gregg: i'm glad you brought up the united nations. when it comes to fighting terrorism is the unit
of a murdered school girl and families of soldiers killed in afghanistan as well as families of terror victims. this took papers's 200 staffers by surprise. >> the practices of certainly individuals did not live up to the standards and quality of journalism that we believe in, and i believe in. and this company believes in. >> and there is word a former editor and a senior journalist about to be arrested and questioned. revenue from the final issue will go to charity. >> rangers will not try to capture or kill a grizzly bear that killed a hiker yesterday in yellow stone national park. a southern california man was hiking with his wife on a trail when they came face-to-face with a grizzly, and her cubs. the couple walk wade but saw the bear a second time and it charged them, killing the husband. the woman escaped serious injury. it's the first fatal attack by a bear inside of the park in 25 years. >> still to come tonight, caught in the middle of a class of check cashing scheme. >> they let the money go. now they're blaming me because i took the money out. >> next from 7 on your side, the bad c
. caller: donald trump wants to set went to iraq and afghanistan because they were oil-rich nations. we won the war. i don't think and buying debt these days. host: about what the question that those did contribute to the problems we are having right now. guest: everything did continue. the question is what percentage. i would disagree saying the president has tremendous leverage. he has no leverage. the democrats and the republicans and congress are going to make this deal. one or both of them are going to leave town and dump it on his lap. the poling is really unhelpful, often ends in these things. on one hand they want cuts and spending. they an over 60% want the capital plan. the president is appearing more favorable than congress. the president always does. the president's rating have been going down dramatically. because of that. because the president doesn't feel comfortable, they don't want this issue to come up again until 2012. they don't want to have this again until 2012. they want to talk about other things. we have this situation now where this debate has paralyzed the country
in afghanistan and iraq and not really cutting the deficit. we're boring 40 cents on the dollar for every dollar that we spend in washington. and we cannot keep doing this. one thing i like to see is the repeal of obamacare. that alone would save us $2.5 trillion in the next 10 years. as far as the reid plan, i like to see him get it through the senate. i did not think that it would pass. host: couple we go to an independent in michigan, here is what the "new york times calls " says this morning. go ahead. caller: i called my representative yesterday and asked him to work with the president to compromise and make sure that the debt ceiling is raised over into 2013. this is destroying our economy. host: where do you see compromise? caller: th reid plan has cuts and take this off the table until 2013. i think that that makes sense. host: so you do not agree with republicans on this. caller: i do not. there is trillions of dollars being cut. let's take this and we don't want to make this something that the rest of the world is going to use against us. our dollar is worth nothing in the last 10 year
in afghanistan. >> it is surreal and not thinking about going back. >> it is a long year and a longer year for these guys. it is great to come home. >> and another soldier finishing his fifth tour over seas, said it is the little things here at home that keep him going. >> retired army general john had a stroke in 2004 that paralyzed his left side. he lived in washington originallyy from poland . he served under president clintonon and made crucial decisions on sending troop to bosra. -bos nia. >> and a raging fire in the middle of the heat wave . a driver made a surprising discovery in the back of his car. pennsylvania, a fire ripping through a warehouse in pittsburg. it took hours in the entense heat before crews got it under control. we are told that the flames hit propane tanks and sparking several explosions. no word on what caused it. hope hoe, a frantic 911 call from passengers trapped in an suv as it plunged in a lake. >> we aring. it is in the water. >> yes. it happened in a mar rin a. we are told that the driver's foot slid off the break . an officer sprang into action. >> i took
of other members of congress, there were warlords from the northern alliance of afghanistan that wanted to meet with us because we were told that the administration didn't want to meet with them and after we met with them it was clear why the administration wouldn't want to. now, i was not aware and it was during the bush administration, of course, our initial actions in afghanistan, we sent in intelligence, we sent in special forces, we sent in weaponry, we equipped the northern alliance tribes who had a special personal interest in defeating the taliban. and afghanistan as a whole had seen how evil the taliban was. how much damage they could do to society as they burned paintings and books and films and totally suppressed freedom in afghanistan. they knew. these people were evil but they were afraid of them but with the united states weaponry, with our guidance and intelligence training these people defeated the taliban. what i was not aware of until we met with these folks and turns out i could have been aware, i just was not, but do you the research, you find out, the bush administr
don't leave any troops in iraq and ditto with afghanistan. get on with governing an america that puts its own citizens first and concentrates on bettering the home country for everybody who lives here. in case you hadn't noticed while you were wasting trillions on useless wars, america has fallen in a pit of overspending, foreclosure and unemployment. john writes the usa needs to get out of iraq as soon as possible. what is the president thinking. the huge budget mess is largely due to the wars in iraq and afghanistan. how can they think of cutting social security or medicare for our seniors and disabled citizens at the cost of these wars? i'm 60 and i feel my future is very uncertain. ter fre arizona writes how many way do i need to respond with no for my reply to be read on air? you got it done. >> i hope that makes terry happy. >> i don't care if it does or not. >> new evidence of the dangerous links between al qaeda leaders and the growing terror threat in somalia. wa can casey anthony expect when she walks out of jail next week. the security and the spectacle >>> new information
? you know your stuff. >> listen, i can tell you what is going on in afghanistan, and iraq and pine valley. >> this makes a well-rounded human being. >> and speaking of well-rounded human being. keenan cahill, you remember the internet sensation who lip synced with the likes of 50 cent and katy perry? well, he has a new video out and this time with the "glee" stars. take a look at this guy. ♪ it is a blacked out blur ♪ but i'm pretty sure ♪ it rules ♪ last friday night ♪ you will be dancing to the ♪ drums >> you are looking at some new cast regulars there on who joined cahill during a "glee" arena, and if you are wondering how this whole thing came together, he was as i did some research the 27th most subscribed youtube channel on youtube, and so he has a following and he is pitching a tv show. >> but he looks like an entertaining character, but he has a huge following on youtube. and 29 best rated channels. >> yes. and one thing i love about him is he has no shame. half of the time, he doesn't know all of the with words to the song he is lip syncing to, but he is fun to
're putting money in other places like to the war, places like that in afghanistan, to other wars. that is my question. guest: two interesting things your question brings up. when fdr designed so security, he said, we're going to put it on your checks every week so you will see it being taken out and you will note it is there for you. that was very, very important to fdr and the preservation of the social safety net. also, he said, we are going to make sure that every time -- that you know this is something that is solvent, but the money is there in the bank so it is not a welfare program but it should not be means tested. we all know what happens to welfare programs. we all know they go under the knife. he said it had to apply to everyone. that is one of the things they want to attack at this point, too. you may say, well, the wealthy should not because it is in financial trouble. it is not. the minute you make of a welfare program, the death warrant. host: we have heard recruitment efforts will be hurt by any perceived abandonment in the area of medicare by democratic leaders. your thoughts
,000 to afghanistan so we can spend dollars a gallon on gasoline of afghan people spend a dollar and 20 -- $1.20. it is ridiculous what we allow these people to get away with. and how many people -- i think there is 37% of this nation that consider themselves republicans now. i just can't believe there are that many stupid people in this nation. have a nice day, susan b. host: thank you. a headline in "the wall street journal." sara lee and janet hook. one note -- investors in u.s. treasuries are not betting a major deal will solve the u.s. debt situation. a tweet from peter hogan -- >> is clarksburg, west virginia. dispensed -- next is clarksburg, west virginia. spence. caller: i would like to say united we stand and divided we fall and we need to apply it to the government. we need to start with congress eliminating their little perks. some of the benefits we give to congress -- and the military men, paying them what they do, benefits for life, but when these clowns of their retired they carry a lifetime package with them. if we want to talk about deficit cuts, maybe we can close some of th
of the wars in afghanistan and pakistan. >> still not getting serious. >> i went away from fuzzy. >> is that like jerry at trick math? >> yes. >> are you surprised they don't have a deal today? i actually really -- i mean, i really thought -- >> i would be shocked if they don't have a deal in the next two or three days. again, republican freshmen may have a big ideology difference with barack obama and his world view, and the divide is no greater than ronald reagan's was with tip o'neal in 1983 when they sat down, and they did a kneel. yes, you differ with barack obama and the democrats, but -- >> usually you are good at seeing somebody's angle. like you know what their angle was. what is the angle here? i don't get it. >> these republicans believe this is their only opportunity -- >> are they so stuck to the contract with the tea party they cannot think outside the box for the good of the country? seriously? >> can i finish? you asked a question and i need to finish. they understand one thing. >> what do they understand? >> they are dead right about this. this is their best chan
in iraq and afghanistan. authorities also say its tabloid called news of the world tapped into voice mails of families of murder victims. one case involved a teen abducted and killed in 2002. they say the tabloid deleted voice mail messages on her cell phone which gave her family false hope. news international's owner rupert murdoch calls the new allegations unacceptable. >>> it is now 6:26, 73 degrees. coming up next at 6:30 the construction project starting today that will shut down part of a busy intersection in prince george's county. >>> the out-of-control crash right into a bakery. how and where this happened overnight. these sweet honey clustery things have fiber? fiber one. almost tastes like one of jack's cereals. uh, forgot jack's cereal. [ jack ] what's for breakfast? uh, try the number one! i've never heard of that. [ wife ] it's great. it's a sweet honey cereal, you'll love it. yeah, this is pretty good. are you guys alright? yeah. [ male announcer ] half a days worth of fiber. not that anyone has to know. fiber beyond recognition. fiber one. >>> this morning we'll learn the s
panetta, the former head of the cia. he's saying on his first trip to afghanistan, his first public comments, really, saying that the defeat of al-qaeda is within reach and here is what he had to say on saturday. >> we're within reach of strategicically defeating al-qaeda. if we could be successful at going after them, i think we can really undermine their ability to do any kind of planning to be able to conduct any kind of attack on this country. but that's that. that's why i think it's within reach 'cause they're going to sake some more work? you bet it is, but i think it's within reach. >> mike: in the first couple of days, is that statement too bold, that statement? >> i like it, covets. >> ainsley: i do, too. >> dave: that was supported by congress and we like his congress and david petraeus echoed that and holds the promise of a strategic defeat of al-qaeda. he is he, too, is confident if we can get more kills, 20, we would crush. >> ainsley: 10 to 20. >> mike: al-qaeda is all over the world and not just in pakistan. >> dave: they believe the head of al-qaeda is in pakistan al
of that is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save a trillion dollars. now republicans have called that a gimmick, a savings from wars that are winding down, even though, by the way, the same savings were counted in some republican budgets. reid's plan would not reform or cut medicare, medicaid, social security. also no changes to taxes. it would raise the debt ceiling by 2.4 trillion dollars. that would be enough to fund the government through next year's election. the boehner plan is considered more short term. it would raise the debt ceiling in two different steps. the first step would happen immediately raising the ceiling by a trillion dollars and spending cuts of 1.2 trillion over ten years. and get us to next year, right some we need a second vote to raise the debt ceiling again by another $1.6 trillion. that second increase would be contingent on more cuts. another $1.8 trillion in spending cuts and have to be agreed to by a bipartisan committee. >> so far, the debt stalemate has been a drag on the stock markets but not as bad as some of
the war in afghanistan, we must fix the politics." host: back to the phones and the public's discussion, asheville, n.c., george -- joyce. caller: we do not have any say in what congress says it through our president except through voting. i call them all the time and make my voice heard. sometimes they are not nice to me. i think that the biggest problem in this country are the illegals that come in here to of our country and a protest. the taxes of this country are taking care of them. they will hit the streets in georgia this time. arizona and other states. host: you said you had had contact? caller: just about my complaints with social security and medicare. host: their response to you? caller: they just listen to me sometimes. sometimes they say thank you for calling. host: you have spoke to them on the phone? caller: i was complaining more about illegals, i think that is the biggest problem of the nation. host: i am going to let you go now. we have this biggest -- we have this twitter message. host: auburn they'll, florida, you are on washington journal. caller: they never listen
and afghanistan. republicans say the markets might not buy that but the same accounting tool was used in the republican budget that passed the house. jon: interesting to that the secretary of state commenting on tkphes particular spending matter. thank you. jenna: the lack of debt deal seems to be one of the factors in the stock market as wendell was talking about. the dow trading down by 60 points . it was down by over a hundred earlier. simon constable is a columnist for the "wall street journal." what is your take? we talk about the reassurance for the market? what about the reassurance for the average investor. >> most of the markets are saying whatever. but the gold market isn't. we've seen gold come up from 1500 a month ago to over 1600 now. jenna: what does that tell you. >> people don't buy golds as a good investment. you have to pay money to have it stored, buy insurance, put it in a bank, with armed guards and people are basically big thumb's down to the u.s. government when they buy gold. you shouldn't be totally reassured. that is quite a move in that sort of short period
eye. >>> the ultimate sacrifice, bute soldier who lost his life in afghanistan but gives his heart to a woman back home. we'll have the story coming up. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. >> good morning, sunday, july 24th, i'm juliet huddy in for alisyn camerota, a "fox news alert," new developments in the norway terror attacks. the suspect claims responsibility, and, he says he acted alone as police try to learn the motivation behind the massacre. >> dave: could there be a breakthrough in the debt ceiling show down, john boehner says he has a plan, treasury secretary tim geithner says, it won't fly. stuart varney, is going to come up and say it is judgment day, and... >> as an elected official you think it is her job to defend the pledge of allegiance an
sleeved the award for actions in -- recipients have received the award for actions in iraq and afghanistan. >>> a human rights group is reporting indense gunfire in syria. the unrest comes after a -- intense gunfire in syria. the unrest comes after this shooting was caught on a cell phone camera. syrian forces are conducting raids and arresting anti- government demonstrators right now. the protesters want the president there to step down. >>> bill gates is hoping to revolutionize the third world and prepare vent disease by reinventing the toilet. the bill and linda gates foundation is distributing more than $40 million in grants to universities to help engineer a more efficient toilet. that could help 40% of the world's population who don't have flush toilets. that means deadly diseases can easily spread. some ideas include solar power, ones that convert waste into electricity and those that sanitize human waste. >>> some doctors say s.i.d.s. may no longer be vell vent. numbers show 2,000 babies die every year. but some experts say they may be -- they may have been suffocateed. a campaign
in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dollars in savings. that's kind of controversial, brooke, because republicans don't count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that's what he's saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn't force those reforms to happen. >> so i want to look at this plan here that you now have. i want to look at what supporters would say and also opponents. from everything i've been reading trying to keep up with all of this, the big difference here from the democrats' side there's no mention of revenue increases, correct? >> huge concession from democrats. the whole time democrats say there must be revenue on the table, republicans say they can't be. now democrats are dropping that huge demand. here is what supporters would say. this plan gets it done. they would say we're out of time. we're in the going to push for all of o
and afghanistan, and i think history will show that we were right to get into those. and we've had fairly good results so far from them though they've been very costly. >> i just always think it's important to tlook at history to then bring us to the president. as we come back here to 2011 and specifically your role, sir, in this. i know you're a staunch conservative. are you able to lead the way and compromise and the tea party are watching your every move, sir? >> well, it looks like this is going to be thrown over into gsh if it passes, it will be thrown over to the finance committee and we'll see what we can do to do this without raise taxes but also by doing appropriate cuts that really should happen. and by reforming some of these programs so that they work better, cost less. that will be less government. >> a lot of americans would agree with you, but are you willing to compromise given that you're up for re-election and you have tea party republicans looking closely at you. >> they have to be worked out but they have to be made on a basis that makes sense and not raise taxes. we're tax
is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance plan that did not make it to the senate. the pre
eliminating money with the wars in be afghanistan and iraq. that's also future looking. so i'm asking you today in terms of changes to the tax code for corporations because we know there's plenty of corporations that last year ended up paying relatively little or no taxes at all. are you putting forward anything in terms of corporate tax reform that you would be willing to undo in loop loopholes today? is. >> i think we all agree tax loopholes are something we can do about, that's definitely an area we compromise on without any difficulty whatsoever. but the point is putting in a system of tax reform that is simpler, flatter, less cumbersome especially for our business owners in the cost of doing business. so this is what we're looking at. but we are definitely against any tax increases, any tax increases alone. martha: all right, so goldman sachs if they don't get $4 trillion, what happens is a plan that's short of $4 trillion in real spending cuts, they're likely to downgrade their rating on u.s. debt. what do you think about that? >> well, you know, that's unfortunately what we're face
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